Côte d’Ivoire seeks XOF1,658 billion ($2.8 billion) for its health investments in 2020-2024. For this purpose, it organized the national discussion for health financing (Dialogue National sur le financement de la Santé-DNFS) being held in Abidjan from April 15 to April 30, 2019. Organized by the health minister, this event is aimed at mobilizing resources (domestic notably) for increased and...

The Board of the African Development Bank has approved the Central Africa Regional Integration Strategy Paper 2019 – 2025, adopting the Bank’s multinational operations in Central Africa over the indicated period. The Central Africa Regional Integration Strategy Paper (RISP) for 2019 – 2025 builds on the lessons learned from the implementation of previous regional development initiatives....

In June 2018, Google announced the opening of an Artifical Intelligence (AI) research center in Accra, Ghana. On April 11, 2019, this IT infrastructure was officially inaugurated. Via this center, the American tech giant wants to collaborate with local universities and research centers, work with policymakers on future use of the AI in the health, agriculture and education sectors in...

The fourth mobile telephony operator in Angola is now known. Its name is Telstar, created on January 26, 2018. It won the international competitive call for proposals launched in 2017 by the national telecommunications board (DNT). The winner was announced on April 12, 2019, by Pedro Mendes de Carvalho, head of the DNT. According to the official, out of the 27 firms that expressed their...

World Bank will provide $1.7 billion to Tanzania, the country’s finance ministry indicated in a release published last weekend. Many sectors should be funded thanks to the new financing. $400 million will be dedicated to the education sector while $300 million will be used for a poverty reduction programme. According to the release relayed by Reuters, numerous infrastructure...

Sanlam Emerging Market, subsidiary of South African Salam Group, has finalized the sale of an undisclosed volume of stake in its Kenyan subsidiary Sanlam Investment East Africa. The buyer’s identity has not been revealed but sources claim that it is a local partner. The South African insurer will get Ksh730 million ($7.2 million) from this operation. Two years ago, Sanlam acquired 75% of asset...

Vantage Capital, a South Africa based mezzanine fund, announced its disinvestment from Thebe Timrite, a South African mining services provider.   The mezzanine fund did not reveal the gain generated after six years in the mining service provider’s capital but, it indicates that it contributed to the elaboration of Thebe Timrite’s growth strategy. In 2013, the mining service provider...

On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the African Development Bank. Canada’s announcement, to be approved by the Bank’s governors, was made by Maryam Monsef (photo), the Canadian Minister of International Development and for Women and Gender Equality. “I am happy to say that today,...

For the next two years, Egyptian fintechs will receive the support of the International Finance Corporation-IFC. A support programme was launched in that regard on April 8, 2019, in Cairo. The corporation will coach two fintech accelerators to improve their coaching, development and technical development skills with investment attraction as the end goal. The support programme will be jointly...

Incumbent operator Tunisie Telecom signed a memorandum of understanding with IT firm 3S for the launch of a LoRaWAN Internet Of Things (IoT) national network developed by LoRa Alliance. The agreement was signed by Mohamed Fadhel Kraiem, CEO of  Tunisie Telecom, and Adel Dahmani, deputy managing director of 3S, in the presence of Anouar Maârouf, Tunisia’s minister of IT and digital...